DAR ES SALAAM. Oct 28 (Interfax) - Russia and Tanzania are capable of doubling their trade, and Russian businesses display an interest in joint projects in energy, agriculture, infrastructure, and tourism, Russian Economic Development Minister Maxim Reshetnikov said while meeting with Tanzanian Prime Minister Kassim Majaliwa.
A Russian delegation led by Reshetnikov arrived in Tanzania on Monday to take part in the first meeting of the Russian-Tanzanian intergovernmental commission on trade and economic cooperation, which is set for Tuesday.
"We stand ready to help the Tanzanian economy maintain the high pace that has been achieved in the energy, agriculture, infrastructure development, and tourism sectors," Reshetnikov said, adding that around 50 Russian companies are taking part in a Russia-Tanzania business forum these days.
"Mutual political and diplomatic understanding between our countries provides good preconditions for stepping up trade and economic interaction. There is considerable unused potential. According to our estimates, trade between our countries could double," Reshetnikov said while meeting with Majaliwa.
He mentioned reliable historical relations between the Russian and Tanzanian governments, business communities, and individuals.
Tanzanian businesses have displayed a huge interest in Russia, and Russian businesses are willing to enter new markets, invest in joint projects, and share technology, he said.